[Code of Federal Regulations]
[Title 26, Volume 18, Parts 500 to 599]
[Revised as of April 1, 2000]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR502.2]

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                       TITLE 26--INTERNAL REVENUE
 
     CHAPTER 1--INTERNAL REVENUE SERVICE DEPARTMENT OF THE TREASURY 
                               (Continued)
 
PART 502--GREECE--Table of Contents
 
                       Subpart--Withholding of Tax
 
Sec. 502.2  Dividends.

    (a) Dividends paid on or after January 1, 1953, by a Greek 
corporation are exempt from United States tax under the provisions of 
Article IX of the convention if the recipient is not a citizen, 
resident, or corporation of the United States. Such dividends are, 
therefore, not subject to the withholding of United States tax at 
source.
    (b) The convention does not change the rate of United States tax 
imposed pursuant to sections 871, 881, and 882 of the Internal Revenue 
Code of 1954 upon dividends paid by a corporation other

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than a Greek corporation. The withholding of United States tax with 
respect to such dividends derived from sources within the United States 
by nonresident aliens who are residents of Greece, or by Greek 
corporations, is not changed by the convention.